SEBI has moved against Avadhut Sathe Trading Academy and its founder, alleging that “stock market education” was used to run illegal investment advisory operations. The academy reportedly raked in about INR 546 crore since 2015 from courses sold to roughly 410,000 students, prompting regulatory action over misleading promises to young investors.
Discount brokerage Zerodha has shut down its creator media initiative, Zero1 Network, citing regulatory uncertainty around financial influencers. The firm will move content production in-house to keep tighter control and avoid compliance risks. The decision follows recent Sebi steps aimed at curbing unlicensed finfluencers and tightening rules for financial advice in India.
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Zerodha’s media venture Zero1, co-run with LearnApp, is moving away from creator-led influencer partnerships toward in-house, owned channels. The pivot aims to curb misinformation amid SEBI’s growing finfluencer crackdown, which restricts unregistered financial advice and limits intermediary tie-ups. Zero1 claims its owned channels already drive about 400 million annual views with strong long-form retention.
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